Bill Text: NY A04245 | 2025-2026 | General Assembly | Introduced


Bill Title: Authorizes the New York state and local employees' retirement system to accept an application for disability retirement benefits from Andrew Reilly, Jr.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2025-01-31 - referred to governmental employees [A04245 Detail]

Download: New_York-2025-A04245-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          4245

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                    January 31, 2025
                                       ___________

        Introduced  by  M.  of  A.  McDONOUGH  --  read once and referred to the
          Committee on Governmental Employees

        AN ACT in relation to authorizing the New York state and  local  employ-
          ees' retirement system to accept an application for disability retire-
          ment benefits from Andrew Reilly, Jr.

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Notwithstanding any other provision of law to the contrary,
     2  the application for disability retirement  benefits  of  Andrew  Reilly,
     3  Jr.,  who  was  employed as a clerk for the town of Hempstead Sanitation
     4  District 1 and a member of the  New  York  state  and  local  employees'
     5  retirement  system  from  March  1995 until October 15, 2020, suffered a
     6  stroke on February 20, 2020 and who, for reasons not ascribable  to  his
     7  own negligence, did not apply to the New York state and local employees'
     8  retirement  system  for  disability  retirement  benefits because of the
     9  COVID-19, novel coronavirus state of emergency, shall be deemed to  have
    10  applied to the New York state and local employees' retirement system for
    11  disability  retirement  benefits  within  30  days  of his disability on
    12  February 20, 2020.
    13    § 2. All costs associated with the implementation of this act shall be
    14  borne by the employers of the members of the New York  state  and  local
    15  employees' retirement system.
    16    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would deem Andrew Reilly Jr. to have applied to the New York
        State  and  Local  Employees' Retirement System (NYSLERS) for disability
        benefits within thirty days of their disability on February 20, 2020.
          If this bill is enacted  during  the  2025  Legislative  Session,  and
        Andrew  Reilly  Jr.  is  subsequently  approved  for disability benefits
        pursuant to section 605 of the Retirement and Social Security Law, there
        will be an immediate past service cost of approximately  $342,000  which

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01060-02-5

        A. 4245                             2

        will  be  borne  by  the  State  of New York and all local participating
        employers in NYSLERS. This estimate assumes that payment will be made on
        February 1, 2026.
          Summary of relevant resources:
          Membership  data as of March 31, 2024 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2024 actuari-
        al valuation. Distributions and other statistics can  be  found  in  the
        2024  Report  of the Actuary and the 2024 Annual Comprehensive Financial
        Report.  The actuarial assumptions and methods used are described in the
        2024 Annual Report to the Comptroller on Actuarial Assumptions, and  the
        Codes,  Rules  and  Regulations  of  the  State  of  New York: Audit and
        Control. The Market Assets and GASB Disclosures are found in  the  March
        31, 2024 New York State and Local Retirement System Financial Statements
        and Supplementary Information.
          This  fiscal note does not constitute a legal opinion on the viability
        of the proposed change nor is it intended to serve as a  substitute  for
        the professional judgment of an attorney.
          This  estimate,  dated  January  17,  2025,  and intended for use only
        during the 2025 Legislative Session, is  Fiscal  Note  No.  2025-20.  As
        Chief  Actuary  of  the  New  York State and Local Retirement System, I,
        Aaron Schottin Young, hereby certify that this  analysis  complies  with
        applicable  Actuarial  Standards  of  Practice  as  well  as the Code of
        Professional Conduct and Qualification Standards for  Actuaries  Issuing
        Statements of Actuarial Opinion of the American Academy of Actuaries, of
        which I am a member.
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